UPS Properties Taps Advantis to Lease New Industrial Park

ATLANTA-A November ground-breaking is scheduled for the first phase of the planned one million-sf Northwest Landings Commerce Center, an 80-acre venture in the Town Center/Kennesaw market in metro's northwest quadrant. The estimated hard construction cost is $75 million.

By Judith Schonbak | Updated on October 27, 2000

ATLANTA-UPS Properties, a subsidiary of United Parcel Service, is retaining Advantis Real Estate Services Co. to lease up the first phase of the planned one million-sf, 80-acre Northwest Landings Commerce Center in the Town Center/Kennesaw market in the city’s northwest area.

The estimated hard construction cost of the UPS project is $75 million. The park is within the 1,100-acre mixed-use Barrett development.

Construction is expected to start in November on a 66,000-sf business service/flex building and a 144,000-sf business distribution center. The two structures are scheduled for completion in the second quarter of 2001. Rental rates in the area range between $5.50 per sf and $7.50 per sf.

The park will be the largest developed in the submarket in the past 10 years.

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